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- Consumer prices in Germany were 1.4% higher y/y
Consumer prices in Germany were 1.4% higher y/y
Consumer prices in Germany were 1.4% higher in February 2018 than in February 2017. The inflation rate - measured by the consumer price index - thus decreased for the third consecutive month. In January 2018, it had been +1.6%. Compared with January 2018, the consumer price index rose by 0.5% in February 2018. The Federal Statistical Office (Destatis) thus confirms its provisional overall results of 27 February 2018.
In February 2018, energy prices as a whole were only slightly above the previous year's level (+0.1%) and had a downward effect on the overall inflation rate. In January 2018, the rate of energy price increase had been +0.9%. In the period from February 2017 to February 2018, price increases were recorded for electricity (+1.5%) and charges for central and district heating (+1.3%). In contrast, the prices of gas (−1.4%), solid fuels (−0.6%) and mineral oil products (−0.5%; of which motor fuels: −0.6%; heating oil: −0.2%) went down over the same period. Excluding energy prices, the inflation rate in February 2018 would have been +1.5%.
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